Post Utme Wellspring University 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following self-balancing ledger accounts: Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000. Prepare a trial balance.

Answer Options

Correct Answer A. Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000
B. Cash ₦100,000, Accounts Payable ₦50,000, Cost of Goods Sold ₦150,000
C. Cash ₦100,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000
D. Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000
Correct Answer
A
Correct Option:
Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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